From the rescheduling of real estate is when you either at maturity of the existing fixed-rate loans into a new take or a variable interest rate agreement in a fixed rate agreement, changes, or before the expiry of the interest rate agreement is a follow-on financing carries. With a debt consolidation will be the loan capital available to virtually re-allocated by an existing loan entirely or partially removed, and in return for a new loan, or a loan is extended. Typically includes the rescheduling of real estate that is the restructuring of parts of the total.
The rescheduling offers a number of advantages
A rescheduling made prematurely, so the early termination of the previous rate, while newly completed follow-on financing, greater benefits can be with respect to a future offer lower interest rates. Thus, the customer is often a rescheduling future, a not inconsiderable sum of loan interest costs. Especially in the current interest rate situation should be strengthened through a rescheduling to think because maybe because of a long time interest of existing agreement to pay significantly higher interest rates than currently on the market now are common, or because it is assumed that the mortgage interest rates in the coming years is likely increase. This is therefore to be expected, because the lending rates are currently at a very low state are located. These low interest rates, you should be evaluated by a rescheduling for a long time to secure.
What you have to reschedule the look out for?
Even if the rescheduling of real estate can have benefits, one must nevertheless some aspects. Above all, you should know that an early debt restructuring is also associated with costs will be, because an existing contractual agreement, interest would like to quit prematurely. The banks are in this rule to calculate, but almost always an early repayment penalty. These costs must be the borrower as a customer and obviously against the interest reckon that one in future due to the rescheduling will be saved. Only if this savings potential is greater than the payment of fees, makes a rescheduling from the economic point of view also make sense.